In the latest session, Sagimet Biosciences Inc (NASDAQ: SGMT) closed at $6.25 up 3.82% from its previous closing price of $6.02. In other words, the price has increased by $+0.23 from its previous closing price. On the day, 831432 shares were traded.
Ratios:
For a deeper understanding of Sagimet Biosciences Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 20.36 and its Current Ratio is at 20.36. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
On August 08, 2023, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $67.
On August 08, 2023, JMP Securities started tracking the stock assigning a Mkt Outperform rating and target price of $30.JMP Securities initiated its Mkt Outperform rating on August 08, 2023, with a $30 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 07 when Happel David bought 1,600 shares for $4.10 per share. The transaction valued at 6,560 led to the insider holds 627,100 shares of the business.
Happel David bought 590 shares of SGMT for $1,386 on Nov 16. The President & CEO now owns 590 shares after completing the transaction at $2.35 per share. On Jul 18, another insider, SEIDENBERG BETH C, who serves as the Director of the company, bought 46,875 shares for $16.00 each. As a result, the insider paid 750,000 and bolstered with 46,875 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SGMT now has a Market Capitalization of 192.01M and an Enterprise Value of 90.27M. Its current Enterprise Value per Revenue stands at 45.14 whereas that against EBITDA is -3.15.
Stock Price History:
Over the past 52 weeks, SGMT has reached a high of $20.71, while it has fallen to a 52-week low of $2.13. The 50-Day Moving Average of the stock is 7.70, while the 200-Day Moving Average is calculated to be 8.51.
Shares Statistics:
For the past three months, SGMT has traded an average of 1.43M shares per day and 835.25k over the past ten days. A total of 21.38M shares are outstanding, with a floating share count of 12.12M. Insiders hold about 43.28% of the company’s shares, while institutions hold 56.88% stake in the company. Shares short for SGMT as of Feb 15, 2024 were 1.56M with a Short Ratio of 1.09, compared to 622k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.88% and a Short% of Float of 6.28%.
Earnings Estimates
There are 4 different market analysts currently analyzing its stock. The consensus estimate for the next quarter is -$0.52, with high estimates of -$0.37 and low estimates of -$0.63.
Analysts are recommending an EPS of between -$1.56 and -$37.31 for the fiscal current year, implying an average EPS of -$19.82. EPS for the following year is -$2.34, with 4 analysts recommending between -$1.61 and -$3.18.
